News Column

RBS and NatWest proactively contacts SMEs offering a GBP10 billion of new lending

May 6, 2014

ENP Newswire - 06 May 2014

Release date- 05052014 - RBS and NatWest are committed to helping customers in the UK grow their business and are proactively contacting customers outlining how much additional borrowing the bank is willing to lend their business.

Loan approved

We are very much open for business and we want to support business growth - Ian Cowie

To date over 270,000 businesses have been contacted and offered a total in excess of GBP10 billion in a bid to drive growth throughout the UK.

Ian Cowie, Chairman of SME Banking for NatWest and RBS, said: 'Our message is clear, we are very much open for business and we want to support business growth in communities across the UK. That is why we are proactively speaking to customers to let them know how much we could lend if they want to invest. We have received positive feedback from our customers about this initiative and it is encouraging to see the money lent enabling local businesses to fulfil their ambitions such as, buying their premises, expanding their production and recruiting more staff. Our aim is to provide new opportunities for SMEs, which will benefit the economy here in UK.'

David Bairner set up Business Technology Support Ltd in 1998. Based in Bracknell, Berkshire, David and his sister Andrea, have seen their local business go from strength to strength over the past few years. BTS, as they are known, is the main local distributor for Samsung & Canon office equipment. They sell, service and offer maintenance contracts and have recently branched into hiring out as well. David's business was close to operating at capacity when RBS highlighted an opportunity for him to increase his funding. Through support from his relationship manager Wendy Phillips, David's funding was increased by GBP150,000 which allowed BTS to buy a new site giving his business more room to grow.

David commented 'The letter I received from RBS could not have been more timely. I didn't think I would be eligible for more funding at that time but to learn that it was an option gave me the confidence to work with Wendy to grow my business.'

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Source: ENP Newswire

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